1. Post War Economy
America After WWII

2. I. The Economic Boom 1. WWII = No goods available
a. Products used for war
b. People save $
2. Post WWII
b. People spend their $
-increase in consumer goods
-production increases
-jobs increase
-improved technology
-television
-real estate boom
-birth of suburbs

3. II. Government Action 1. G.I. Bill a. loans / education for veterans
2. U.S. spending on National Defense
a. bulk up military
-men
-technological research
-weapons

4. III. “Fair Deal” 1. Increased spending = Inflation
a. Cost of living increases
b. Workers want better wages
-keep up with inflation
c. Workers “Strike”
-”Strike-breakers”
-violence

5. 2. Taft-Hartly Act a. Federal Mediators
-settle labor disputes peacefully
b. “Right to Work Laws”
-outlawed “Closed Shop”
-people could not be
required to join a Union